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India said Thursday that Pakistan court's decision to grant bail to the alleged mastermind of 2008 terror attacks in Mumbai was unacceptable and demanded immediate steps to reverse the decision. Zaki-ur-Rehman Lakhvi is accused of planning the 60-hour siege on India's economic capital that left 166 people dead and was blamed on the banned Pakistani militant group Lashkar-e-Taiba (LeT).

Forces killed 27 suspected militants in air strikes and a ground operation Thursday in the restive north-west hours after a roadside bomb killed three soldiers, officials said. The government and military have reaffirmed their determination to defeat the Taliban following the school massacre in Peshawar on Tuesday. Air strikes Thursday killed 17 militants in troubled Khyber tribal district, where the Taliban and other Islamist fighters have taken refuge.
The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to be held today (Friday), is likely to lift a Regulatory Duty (RD) on export of potato, it was leant. Sources told Business Recorder that a proposal to this effect has been on agenda of the ECC meeting to be chaired by Finance Minister Ishaq Dar.
The country's total liquid foreign exchange reserves crossed $14 billion mark at the end of last week. According to forex report issued by State Bank of Pakistan (SBP), the country's total forex reserves posted an increase of $120 million to reach $14.04 billion as on December 12, 2014, compared to $13.92 billion on December 5, 2014. During the week under review, SBP's liquid forex reserves increased by $144 million to $9.347 billion compared to $9.203 billion in the previous week.
Pakistan People's Party (PPP) leader Makhdoom Amin Fahim and chief of Pakistan Muslim League-Functional (PML-F) Pir Pagara Sibghatullah Shah Rashidi have called on former president General Pervez Musharraf (Retd) giving rise to speculations that some new political liaisons are likely in the making, Aaj News reported. Amin Fahim and Pir Pagara held an hour-long meeting with the ex-military dictator at his residence here.
A special parliamentary committee formed to frame a national action plan to counter the menace of terrorism in the country will meet on Friday (today). The decision to constitute the committee comprising members from all political parties, armed forces and intelligence agencies was taken at an All-Party Conference, presided by Prime Minister Nawaz Sharif in the wake of terrorist attack on a Peshawar school.
The Lahore High Court here on Thursday issued notices to federal and Punjab governments for January 15, 2015 in response to a petition seeking the execution of condemned prisoners especially those involved in terrorism cases. Earlier, chairman Judicial Activism Panel (JAP) Azhar Siddique argued before the court that the implementation of capital punishment had been stayed which was in violation of the Constitution and also repugnant to the Islamic injunctions.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln